Hello guys, In this video i am looking for further weakness to the GBP pair. I was already in a trade from last weak and i am looking for further weakness. The current trade i have already locked in profit. If i could get a pull back on the pair or a break of support that will further add validity to the trade. I see the gbp getting further weakness from the...
In the video our lead trader, Denis Popivoda, explains a trading plan of this initially swing trade, that might be compounded into a day trade (and swing trade).
*Yellow MA = 200 EMA | Blue MA = 100 EMA In this video, I go over the approaching support level for OANDA:GBPCAD and the potential play to the top of the consolidation box set after the reversal we see from January 2016 - October 2016. A play from the support to resistance is well over 1000 pips and has two different opportunities: 1. We bounce off of more...
Reasons to buy this pair #1: W1 Support area #2: Fibonacci confluence level #3: H4 Double bottom and bullish "Pin Bar" at 2nd bottom #4: Bullish H4 RSI Divergence (I forgot to mention :-P)